A borrower who currently has an FHA mortgage has a large advantage over a borrower with a non-FHA loan due to the FHA Streamline Refinance program. Although few FHA borrowers may be aware of the Streamline Refinance option, it is something that every FHA borrower should look into, especially with the recent HUD announcement of […]
Streamline FHA Refinances To Become Easier To Qualify For
February 13, 2012 Filed Under: Benefits of FHA Mortgage, FHA loan, FHA property, FHA Streamline refi
Streamline FHA Refinance Can Reduce Monthly Mortgage Payments
January 3, 2012 Filed Under: Benefits of FHA Mortgage, FHA Eligibility Requirements, FHA Streamline refi
The FHA has a special refinance program that can reduce a homeowner’s monthly mortgage payment. Under the FHA Streamline Refinance program, a borrower is allowed to refinance to a lower rate with greatly reduced documentation requirements and easier underwriting rules. The FHA Streamline Refinance program has certain eligibility requirements, as follows: The borrower must already […]